Personal Banking Solutions

 

 

Reward Checking | Totally Free Checking | Grand Checking |               

Senior Grand Checking  | Personal Savings  | Money Market Account | Certificate of Deposits  | IRA's

 

Reward Checking

  • Minimum opening deposit:  $200.00
  • Minimum monthly balance required:  None
  • Monthly service charge:  None
  • Unlimited check writing privileges
  • Earn a premium rate on balances up to $25,000.99
  • Free Debit Card - no ATM surcharge on withdrawals of $100.00+ 
  • Free Internet Banking
  • Online Bill Pay - no charge up to 15 transactions per statement cycle.  Additional bill payments will be $ .50 each
  • Free eStatements 
  • First order of Reward checks are free 

 

Totally Free Checking

  • Minimum opening deposit:  $200.00 
  • Minimum monthly balance required:  None 
  • Monthly service charge:  None 
  • Unlimited check writing privileges
  • Non-interest bearing account
  • Imaged checks with monthly bank statement
  • Free ATM/Debit Card - no ATM surcharge on withdrawals of $100.00+
  • Free Internet Banking
  • Bill Pay is available for $5.95 per month

 

Grand Checking

  • Minimum opening deposit: $200.00 
  • Monthly service charge: $15.00 unless you maintain an average balance of $2,500.00 in checking or savings or $10,000.00 in a combination of accounts linked to your personal account
  • Unlimited check writing privileges
  • Interest bearing account
  • Imaged checks with monthly bank statement
  • Free ATM/Debit Card - no ATM surcharge on withdrawals of $100.00+
  • Free Internet Banking
  • Bill Pay is available for $5.95 per month
  • No charge for Travelers Cheques or Cashier's Check

 

Senior Grand Checking

  • Minimum opening deposit:  $200.00
  • Monthly minimum balance required:  $300 average daily balance
  • Monthly service charge:  $5.00 unless you maintain an average daily balance of $300.00 
  • Unlimited check writing privileges 
  • Interest bearing account
  • Imaged checks with monthly bank statement
  • Free ATM/Debit Card - no ATM surcharge on withdrawals of $100.00+ 
  • Free Internet Banking
  • Bill Pay is available for $5.95 per month
  • No charge for Travelers Cheques or Cashier's Check
  • For clients 50 years of age+ 

 

Personal Savings

  • Minimum opening deposit:  $200.00
  • Monthly minimum balance required:  $200.00
  • Monthly service charge:  $7.50 if balance falls below required minimum 
  • Interest bearing account
  • Free ATM card
  • Transaction limitations per statement period:  Six (6) free withdrawals per quarter 
  • Excess transaction fee:  $5.00 for each withdrawal in excess of six (6)

 

Money Market Account

  • Minimum opening deposit:  $200.00
  • Monthly minimum balance required:  $1,000.00
  • Monthly service charge:  $15.00 if balance falls below required minimum
  • Interest bearing account with tiered interest rates
  • Transaction limitations per statement period:  Six (6) preauthorized withdrawals per statement period which includes no more than three (3) transactions by check, draft, or similar order to third parties.
  • Excess transaction fee: $5.00 for each withdrawal in excess of six (6)

 

Certificate of Deposit

Certificate of Deposit (CD) is a type of savings certificate.  GrandSouth Bank offers time deposits with maturities from 7 days to 5 years.  Contact a Personal Banker at any of our branch locations to inquire about today's current rates.

 

Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs) are intended to provide you with     long-term tax-advantaged savings for your retirement.  GrandSouth Bank offers Traditional and Roth IRA's with maturities from 3 months to 5 years.   Contact a Personal Banker at any of our branch locations to inquire about today's current rates.

 

The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

 

 

 

Please refer to our Account Disclosure for more detailed information.